INDUSTRIAL SLOWDOWN TO PUT ADDITIONAL STRESS ON CV LOANS

As per the market sources, the continuing slowdown in the industrial sector along with unresponsive private consumption and rising diesel prices are likely to increase the stress in the commercial vehicle loan segment.

CV operator’s margins are expected to shrink if there is further rise in diesel prices.

Stable outlook was maintained both on asset performance and Asset Based Securities (ABS) transactions backed by tractor loans as the farm borrowers continue to be aided by a stable rise in minimum support prices, favourable rains and rural development initiatives.

Source:http://profit.ndtv.com/news/industries/article-industrial-slump-to-put-additional-stress-on-commercial-vehicle-loans-india-ratings-379523

Shriram Life – Launching 7 New Products

Today Shriram Life Insurance Company, a division of Shriram Group, launched seven new products, belonging to the life insurance segment in market. As per the words of company’s CEO, Mr. Manoj Jain, four products out of seven are market-linked, whereas the remaining three belong to the traditional product category. While serving better value proposition with respect to better death benefits and higher surrender value, Jain told, the new products score high on their customer-friendly factor. According to him, these products fulfill the new guidelines of Insurance Regulatory and Development Authority. While answering a query, he informed that three to four new products are with IRDA for approval. After the launch, the company now has 13 products to offer to its customers.  Read more at: http://www.financialexpress.com/news/shriram-life-insurance-launches-seven-new-products/1216490